$JBLU is being met with some resistance at the First Target yellow line and again at the 50 Day MA at $4.40.
We can only see 3 waves since its bounce from $3.40, so this is still at risk when we can only see 3 waves....we need to see a higher high to say that the bottom came in at $3.40.
I am not going to lie, I have been glued to airline stocks lately but I am seeing mixed signals so far, so I am not ready to pull the trigger yet on them.